News Center
CTIEC, Elematic conclude strategic agreement
Source: BDRIGI 2011/10/13
To jointly develop the Chinese concrete product engineering market, meet the requirements of China’s cement industry for “high grade, specialization and commercialization”, through early investigation and negotiation, on October 12, 2011, China Triumph International Engineering Co., Ltd. (CTIEC) and Elematic, Finland concluded an all-round strategic agreement on concrete technologies and equipment. Peng Shou, chairman of CTIEC and Leo Sandqvist, CEO of Elematic signed the agreement on behalf of the two parties. Sun Jian’an, executive vice president of CTIEC; Yang Yumin, financial controller; Tang Liwei, president assistant and financial director; and Ma Mingliang, president assistant and general manager of Beijing Triumph Building Materials Engineering Co., Ltd., were present.
Before the signing ceremony, Peng met with Markku Lonnqvist, shareholder representative of Elematic and partner of Pamplona; Leo Sandqvist, CEO of Elematic and Eero Virtanen, CFO of Elematic.
Following the ceremony, Sandqvist said Elematic, founded in 1959, is a world leading concrete technology and equipment supplier which has reached out to over 90 countries and regions on five continents. Dubai’s landmark and the world’s most luxurious seven-star hotel, BurjAl-Arab, also known as “Arabian Tower”, massively used concrete technologies and equipment supplied by Elematic.
As the international engineering platform of China National Building Materials Group Corporation (CNBM), one of the Fortune Global 500 Companies and China’s largest building material enterprise, CTIEC boasts strong capabilities of equipment R & D and manufacture, is a general international engineering company integrating EPC with equipment R & D and manufacture. It has established business networks and outstanding engineering achievements in China and the rest of the world. The cooperation will, in the form of strong combination and mutual supplementing, provide world-class technologies and equipment to Chinese concrete manufacturers, improve the overall technical and equipment level of China’s concrete product industry, and will be of great importance to further promoting the extensive applications of quality prefabricated concrete products in China’s architectural field.
